WELL before Budget 2010-11 was presented, inflation had emerged as the principal economic problem in the country. With food-price inflation running at close to 20 per cent, even the United Progressive Alliance (UPA) government at the Centre had been forced to recognise it as a problem that deserved as much attention as the objective of achieving a 9 or 10 per cent rate of growth, if not more. In fact,...
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Prof. Prabhat Patnaik (JNU) interviewed by Pragya Singh
The economist and political commentator who was appointed to a four-member team of the UN to recommend reforms to the global financial system critiques Budget 2010 Economist and political commentator Prabhat Patnaik, currently vice-chair of the Kerala Planning Board, is a strong critic of the government’s economic policies. In 2008, Patnaik, who has taught at JNU since the 1970s, was appointed to a four-member team of the UN to recommend...
More »And yet another pro-farmer budget by P Sainath
This is a budget crafted for, and perhaps by, the corporate farmer and agribusiness. The real heroes of India's success story were our farmers. Through their hard work, they ensured “food security” for the country.— Pranab Mukherjee, interim budget speech Feb. 16, 2009 This Budget belongs to 'Aam Aadmi'. It belongs to the farmer, the agriculturist, the entrepreneur and the investor. — Pranab Mukherjee, budget speech, Feb. 26, 2010 Gee! Another pro-farmer budget....
More »A Law Unto Itself by Lola Nayar, Chandrani Banerjee
* Main aim is to create asingle-window clearing-house for GM foods/crops * Planned regulatory authority to have overarching powers over state governments, existing laws * No room for farmers or civil society in approval process * Penal action for raising objection without scientific evidence * No independent risk assessment of data submitted to the authority * No provision for revoking approvals, inadequate liability clause * No informed choice for consumers...
More »The Gene Gun At Your Head by Shoma Chaudhury
IMAGINE THE lowly brinjal you have always known turning into a sci-fi gizmo — with an uncharted potency for good and evil. Imagine a food turned into a pesticide — and you will have a measure of the essential uncertainty around Bt brinjal. When Environment Minister Jairam Ramesh announced his indefinite moratorium on Bt brinjal on February 9, he halted a juggernaut that could have swept India to a point...
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